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7 minutes ago
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Coca-Cola agrees to use cane sugar in US sodas, Trump says
Coca-Cola has agreed to use real cane sugar for its soda beverages sold in the U.S., President Donald Trump announced Wednesday afternoon, July 16. "I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so," Trump wrote on Truth Social. "I'd like to thank all of those in authority at Coca-Cola. This will be a very good move by them — You'll see. It's just better!" Coca-Cola uses high fructose corn syrup to sweeten its U.S. products while cane sugar is used in other countries, Reuters reported. The switch comes as the president continues to support Health Secretary Robert F. Kennedy Jr.'s efforts to move away from certain food ingredients, like artificial dyes. Through the Make America Healthy Again initiative, the Trump Administration aims to stop food industry from contributing to chronic health problems that Americans face from obesity to heart disease. In-N-Out: No, the chain didn't switch to '100% beef tallow,' contrary to White House claim USA TODAY has reached out to Coca-Cola for confirmation on the president's announcement. Contributing: Reuters This article originally appeared on USA TODAY: Coca-Cola to use cane sugar for sodas in the US, Trump says
Yahoo
7 minutes ago
- Yahoo
People Genuinely Cannot Believe The Trump Administration Ordered The Burning Of Enough Food To Feed 1.5 Million Kids For A Week
Remember when billionaire Elon Musk boasted about DOGE's cuts to the federal government in what he said was an attempt to rid the government of wasteful spending? Related: Well, one of those cuts dismantled foreign-aid programs, the Atlantic reports, and now, the Trump administration has ordered the burning of about 500 metric tons of soon-to-expire food meant to feed families and children in Afghanistan and Pakistan. To scale, that is enough food to feed about 1.5 million children for an entire week. However, instead of being distributed in the US or abroad, it's set to be burned. (And guess who's footing the bill?) This level of waste drew major backlash from US citizens. One person reacted, "Raise your hand if you're an American and would prefer this food be sent to the children currently being starved in Palestine." Related: Many couldn't fathom the idea of burning food when there are children who need it. "They're so 'pro life' until it comes to taking care of actual living breathing children," someone wrote. "Kids are starving & dying in Gaza & he's incinerating food," another agreed. This was a common response throughout the internet: Related: "Maga and trump are evil," people said. "The cruelty of this administration is unbelieveable," said another. Taxpayers also expressed displeasure with their money being symbolically burned with the food. "He's incinerating food that's already been paid for with our $$." Related: "so our tax dollars..... he's just lighting on fire? I HATE IT HERE." Netizens could not seem to find justification. "it's already been purchased," someone said. "he's not just burning food, he's burning money and staving people." And finally, alarms were raised about homelessness in the US as well. "If our taxes paid for it.... Why not give it to our homeless? What the hell?!?!? Such a waste!!!" What are your thoughts? Let us know in the comments. Also in In the News: Also in In the News: Also in In the News:
Yahoo
7 minutes ago
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Wall Street CEOs Stress Fed Independence Amid Powell Attacks
(Bloomberg) -- Top bosses at some of Wall Street's biggest banks emphasized the importance of an independent Federal Reserve as the long-running saga between President Donald Trump and central bank Chair Jerome Powell intensified. The Dutch Intersection Is Coming to Save Your Life Advocates Fear US Agents Are Using 'Wellness Checks' on Children as a Prelude to Arrests LA Homelessness Drops for Second Year Manhattan, Chicago Murder Rates Drop in 2025, Officials Say Bank of America Corp.'s Chief Executive Officer Brian Moynihan and Goldman Sachs Group Inc.'s David Solomon joined JPMorgan Chase & Co.'s CEO Jamie Dimon in stressing the importance of the Fed's autonomy. Moynihan said in an interview with Bloomberg TV on Wednesday that the Fed was 'set up to be independent.' Jane Fraser, who runs Citigroup Inc., said in a statement that 'the independence of the Federal Reserve drives its credibility. It is critical to the effectiveness of our capital markets and US competitiveness.' Trump has repeatedly assailed Powell for holding off on cutting rates, with administration officials confirming in recent days that a process to select a successor — Powell's term as chair isn't set to expire until May 2026 — is underway. Analysts have warned that if Trump were to oust Powell it would roil financial markets and lead to a serious legal showdown over the central bank's independence. Trump denied on Wednesday that he's seeking to remove Powell, after a White House official had said that such a move was discussed in a meeting with congressional Republicans on Tuesday night. Trump again attacked Powell on Wednesday, labeling him a 'knucklehead' who has been 'too late' to lower rates. Dimon said on Tuesday that the Fed's continued independence is 'absolutely critical.' That doesn't just mean under Powell, whom Dimon said he respects, but also for whomever eventually succeeds him. Meddling with the Fed 'can often have adverse consequences,' the CEO said during his bank's second-quarter earnings call. Goldman Sachs' CEO Solomon said in an interview on CNBC that Fed independence, particularly when it comes to monetary policy, is 'super important.' 'I think central bank independence, not just here in the United States but around the world, has served us incredibly well,' he said Wednesday. It's something 'we should fight to preserve,' he added. Bank of America's Moynihan said it's also a President's right to appoint the next Fed successor through Congress. And any successor will have to navigate the rates question, he said. 'The Fed is an independent agency, and they are meant to be outside the purview of the executive, and Congress,' he said on Bloomberg TV. 'They are called to task, and monitored, and reviewed. The reality is they were set up to be independent.' --With assistance from Jamie Tarabay and David Westin. (Updates with CEO statement in third paragraph.) Forget DOGE. Musk Is Suddenly All In on AI How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All How Hims Became the King of Knockoff Weight-Loss Drugs Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot The New Third Rail in Silicon Valley: Investing in Chinese AI ©2025 Bloomberg L.P.